Kellen King
Bank Recommendations for Business Checking/Credit Account
I am starting my new LLC in which I run Airbnb properties in a variety of ways:Owning property/placing on Airbnb Managing other peoples properties on Airbnb for a %Renting property/placing on AirbnbMy LLC has been cre...
Ryan Miller
What do you recommend on bank accounts?
I currently have one rental property so obviously it's been easy to manage the financials. I only have one account. However I came across some money and I'm about to really grow my portfolio. My lender doesn't escrow ...
Amy Niederhauser
LLC protection and bank accounts/ credit cards
Hey!! {first time posting}... So, I have a handful of rental properties in my name and I'm in the process of transferring each of them into their own LLCs, and I was curious if I can use one bank account and one cred...
Lari A.
Newly formed LLC (Question regarding bank account)
Hello BP Community,I'm a new investor who has just formed an LLC (sole member). I haven't been able to set up a bank account for the LLC yet, and my question is this: if I purchase and assign a property under the LLC...
Tod Foltyn
EIN only business bank account without ss#
Hi everyone, can someone help answer this question for me? I have a holding company LLC which is 100% owner of my subsidiary LLC. So my understanding is not 100% clear. So when it is said that you can open a business ...
Andrew M.
How Many Bank Accounts for Series LLC?
This is regarding a series LLC in the great state of Texas, but I'd be interested in opinions from other states since I haven't come across any case law supporting an answer to this in Texas. I have a series LLC, each...
Travis Campbell
Run rent money through LLC bank account?
Hi all!We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need ...
Joshua Wilke
Do we need a separate bank account?
We have been reading and learning about real estate for a couple of years, and just bought our first property. Now that we are able to put the learning into practice we are discovering much that we don't know. :)Shou...
Jay Lam
Bank accounts for rent and security deposit
Hello,
If I have two bank accounts one for the rent and for the security deposit, do these accounts have to be in both me and my wifes name if we both own the house? Or can the accounts just be in my name? Thank you!
Account Closed
Self-Directed IRA LLC Bank Account Question
I wish to start an IRA LLC with two bank accounts. One with pre-tax funds from a 401k roll-over and the other with post-tax funds from a ROTH IRA. Does the IRS require two separate LLC's to manage the pre and post t...